Fobi AI Offers Clarification of Amount Previously Held Given in Company Information Circular

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VANCOUVER, British Columbia, Dec. 06, 2024 (GLOBE NEWSWIRE) – Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (“Company” or “Fobi”), is an industry leader in using AI and data intelligence to enable digital transformation. As a result of the British Columbia Securities Commission’s review, Fobi is issuing the following press release to clarify our disclosure of information previously included in the Company’s management information circulars (“Circular”) regarding the total percentage ownership of CEO Rob Anson in relation to direct and indirect investments in the Company ( “Shares”).

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Shares are calculated based on the issuance and balance of the Company on the record date reported in each Circular.

The company says that all private shares of Mr. Anson are accurate and filings for insiders and Company officials are current www.sedi.ca.

To download the Fobi Investor Experience Wallet Pass for enhanced access to investor information about Fobi, please visit our Investor Experience page.

About Fobi AI
Founded in 2017 in Vancouver, Canada, Fobi is a leading AI and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. Fobi enables businesses to act, leverage, and monetize their customer data by empowering personal customer experience and data and advancing digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste on a large scale.

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Fobi works with some of the world’s largest organizations across retail and CPG, insurance, sports and entertainment, casino gaming, and more. Fobi is a recognized technology and data leader across North America and Europe and a major producer of data for the Canadian travel and tourism industry.

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This news release contains certain statements that include forward-looking statements or information, including statements regarding Fobi’s business and technology; Fobi’s ability to communicate with industry stakeholders to achieve its goals; the development of Fobi’s technology; and the viability of Fobi’s business model. Such forward-looking statements are subject to a number of risks and uncertainties, some of which are beyond Fobi’s control, including the impact of general economic conditions, industry conditions, competition from other industry participants, stock market volatility, and the ability to obtain adequate cash flow. internal and external sources. Although Fobi believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions regarding future events that may prove to be incorrect. Those factors and assumptions are based on currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may affect actual results or events and cause actual results or events to differ materially from those expressed, expected, or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on forward-looking statements, as no assurance can be given as to future results, performance levels, or achievements. The forward-looking statements contained in this news release are made as of the date of the news release and, except as required by applicable law, Fobi does not undertake any obligation to publicly update or revise any forward-looking statements included, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in Fobi securities should be considered highly speculative. There can be no assurance that Fobi will be able to achieve all or any of the proposed objectives.

Neither the TSX Venture Exchange nor its Legal Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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